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The Switch Engineering Oy
OY
Active
Y-tunnus 2046716-9
Yrittäjänkatu 11, 65380
Vaasa
Manufacture of electric motors, generators and transformers
·
NACE 2711
Est. 2006 · 20 years old
151 employees
www.theswitch.com
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Finland
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Companies
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Manufacture of electric motors, generators and transformers
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The Switch Engineering Oy
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
EUR millions
108M
81M
54M
27M
0M
2022: 5M
5M
2022
2023: 4M (-20% vs 2022)
4M
-20%
2023
2024: 83M (+1975% vs 2023)
83M
+1975%
2024
2024: 69M (-17% vs 2024)
69M
-17%
2024
2025: 87M (+26% vs 2024)
87M
+26%
2025
EBITDA
EUR millions
11M
5M
-1M
-7M
-13M
2022: 0M
0M
2022
2023: -8M
-8M
2023
2024: 4M (+150% vs 2023)
4M
+150%
2024
2024: 4M (0% vs 2024)
4M
0%
2024
2025: 6M (+50% vs 2024)
6M
+50%
2025
Income statement
EUR thousands
Item
2025
2024
2024
2023
2022
Revenue
86 722
69 294
82 661
4 335
4 842
Staff expenses
−16 131
−9 339
−10 384
−1 127
−1 869
EBITDA
6 331
3 699
3 754
−8 193
−169
Depreciation & amort.
−1 354
−1 775
−1 851
−3
−4
EBIT
4 976
5 883
78 640
−8 195
−173
Net financials
−1 625
248
−321
150
−2 556
Profit before tax
3 351
2 172
1 581
−8 275
−4 649
Tax
−19
697
587
12
963
Net profit
4 466
1 476
994
−8 288
−5 612
Balance sheet
EUR thousands
Item
2025
2024
2024
2023
2022
Total assets
70 372
70 021
71 304
67 502
33 740
Equity
23 449
53 192
30 836
19 842
28 130
Long-term debt
0
0
0
7
—
Short-term debt
29 825
22 509
18 397
23 510
5 596
Total debt
29 825
22 509
18 397
23 517
5 611
Financial ratios
5-year trend
EBITDA margin
7,3 %
This company
15,8 %
Market median
This company
Market median
54% below market
2022
2025
Equity ratio
33,3 %
This company
38,2 %
Market median
This company
Market median
13% below market
2022
2025
Return on equity
19,0 %
This company
18,4 %
Market median
This company
Market median
3% above market
2022
2025
Net profit margin
5,1 %
This company
8,1 %
Market median
This company
Market median
37% below market
2022
2025
Asset turnover
1,23×
This company
1,12×
Market median
This company
Market median
10% above market
2022
2025
Debt / equity
2,00×
This company
0,62×
Market median
This company
Market median
223% above market
2022
2025
Annual reports & filings
Annual report 2025
Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via PRH / YTJ · Period 2024-03-01 – 2024-12-31
View
PDF
Annual report 2024
Filed via PRH / YTJ · Period 2023-03-01 – 2024-02-29
View
PDF
Annual report 2023
Filed via PRH / YTJ · Period 2022-03-01 – 2023-02-28
View
PDF
Annual report 2022
Filed via PRH / YTJ · Period 2021-03-01 – 2022-02-28
View
PDF
More on The Switch Engineering Oy
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
